The new Commercial Companies Law (New CCL), promulgated by Sultani Decree 18/2019 repealing the old Commercial Companies Law (No 4/74) (Old CCL) has sought to bring more clarity and detail regarding the formation.

In a response to attacks on four vessels off Fujairah on 12 May, the Joint War Committee (comprising representatives involved in writing marine hull war business in both the Lloyd's and IUA company markets)

Although there is no separate bankruptcy law in Oman, both the Commercial Code of 1990 and the Commercial Companies Law of 1974 provide a framework for the bankruptcy of traders and liquidation of insolvent companies.